CUPERTINO, CA – February 4, 2021 (Investorideas.com Newswire and Renewableenergystocks.com report) Aemetis, Inc. (NASDAQ: AMTX) introduced these days that it has engaged Koch Challenge Answers, LLC (“Koch”) to present front-end engineering, style and undertaking execution administration services for expansion tasks becoming created by Aemetis.
“The earth is adopting new procedures to produce minimal carbon renewable fuels and cut down transportation sector emissions. We seem forward to drawing on the considerable assets and knowledge of Koch Task Options, a subsidiary of Koch Engineered Solutions, to increase the effectiveness and price of these jobs,” reported Eric McAfee, Chairman and CEO of Aemetis.
Aemetis is bringing an progressive solution to renewable fuels by integrating both the agricultural and offer chain areas of the industry,” mentioned Paul Switzer, president of Koch Task Solutions. “As section of Koch Engineered Alternatives, KPS is well positioned to deliver skills in a wide variety of engineering places to produce remarkable overall performance to these projects. This partnership supports our vision to continually locate ways to create higher price while consuming much less assets.”
The Aemetis “Carbon Zero 1” renewable jet fuel and renewable diesel plant has a planned ability of about 23 million gallons for each year. The facility will be found at the 142-acre Riverbank Industrial Complicated, a previous US Military ammunitions plant in Riverbank, California.
The Carbon Zero method converts renewable waste biomass into hydrogen. Utilizing solar and hydro-electrical ability, the hydrogen is combined with small carbon feedstocks to deliver zero carbon, fall-in jet and diesel fuel, usable in present day plane, truck, and ship fleets without the need of engine modifications or changes in fueling infrastructure.
According to the EPA, about 28% of U.S. carbon emissions are emitted by the transportation sector, posing a significant problem to lessening greenhouse gasoline emissions (GHG). New business mandates that include company weather commitments and Environmental/Social/Governance (ESG) investing are noticeably expanding the demand for very low-carbon transportation possibilities.
“We count on the Aemetis Carbon Zero 1 biorefinery at the Riverbank website will be just one of the 1st big-scale utilizations of renewable hydrogen from waste biomass to generate drop-in renewable jet and diesel gasoline,” said Eric McAfee, Chairman and CEO of Aemetis. “The Carbon Zero system generates extremely small carbon fuels to decarbonize transportation automobiles that have heavier loads and journey extended distances, such as cargo and passenger airlines as effectively as business vans and ships.”
“In purchase to mitigate or reverse local weather transform, new clear energy technology solutions are expected to meet up with the transportation sector’s expanding desire for small carbon fuels,” McAfee said. “Aemetis Carbon Zero’s readiness and scalability different it from other renewable gasoline generation systems.”
Aemetis expects that the renewable fuels, when made use of in aviation, trucking, hybrid electric powered vehicles or other auto engines, will have a “down below zero carbon” greenhouse gas footprint throughout the full lifecycle of the gas, dependent on the Argonne Nationwide Laboratory’s GREET design, the pre-eminent science-based mostly lifecycle examination measurement tool.
The Aemetis Carbon Zero 1 task, the Aemetis Biogas renewable normal gas job, and electricity effectiveness updates to the Aemetis Keyes plant involve $38 million of grant funding and other assistance from the USDA, the US Forest Company, the California Strength Fee, the California Office of Meals and Agriculture, and PG&E’s energy efficiency software.
About Aemetis
Aemetis has a mission to renovate renewable electricity into below zero carbon transportation fuels. Aemetis has introduced the Carbon Zero manufacturing approach to decarbonize the transportation sector working with existing fuel supply infrastructure.
Aemetis Carbon Zero goods include zero carbon fuels that can promptly “drop-in” to be applied in plane, truck and ship fleets. Aemetis lower-carbon fuels are drastically decreased carbon depth in comparison to petroleum fossil-centered fuels.
Headquartered in Cupertino, California, Aemetis is a renewable purely natural fuel and renewable fuels firm focused on the acquisition, advancement and commercialization of modern technologies that generate renewable products to substitute classic petroleum-centered products and solutions. Established in 2006, Aemetis has completed Phase 1 and is expanding a California biogas digester community and pipeline process to change dairy waste gasoline from 17 dairies into Renewable All-natural Gasoline (RNG). Aemetis owns and operates a 65 million gallon for each 12 months ethanol manufacturing facility in California’s Central Valley close to Modesto that supplies about 80 dairies with animal feed. Aemetis also owns and operates a 50 million gallon per calendar year production facility on the East Coastline of India generating substantial quality distilled biodiesel and refined glycerin for shoppers in India and Europe. Aemetis is establishing the Carbon Zero 1 plant in Riverbank, California to transform renewable electric power from solar and hydroelectric sources along with renewable hydrogen from waste orchard wooden into renewable jet fuel, renewable diesel, renewable hydrogen and cellulosic ethanol. Aemetis holds a portfolio of patents and connected technology licenses for the creation of renewable fuels and biochemicals. For more information about Aemetis, please visit www.aemetis.com.
About Koch Undertaking Remedies
Koch Task Methods strives to be the desired spouse for capital task execution. Created on a foundation of protection, Koch Challenge Answers partners with project owners to acquire personalized execution and contracting strategies made to optimize the return on expenditure. Koch Project Alternatives is a component of Koch Engineered Alternatives offering earth-course providers and technologies broadly throughout industrial sectors. Superior Results. Consistently Sent. Learn a lot more at our site: www.kochprojectsolutions.com.
Safe and sound Harbor Statement
This news launch is made up of forward-on the lookout statements, which include statements regarding our assumptions, projections, expectations, targets, intentions or beliefs about foreseeable future functions or other statements that are not historic info. Ahead-searching statements in this information launch include, without limitation, statements relating to our potential to commercialize and scale the licensed patented know-how, the capacity to receive adequately reduced Carbon Intensity scores to obtain beneath zero transportation gasoline, the advancement of the Aemetis Carbon Zero initiatives, and the skill to accessibility the funding necessary to execute on plant construction and functions. Text or phrases this kind of as “anticipates,” “might,” “will,” “ought to,” “believes,” “estimates,” “expects,” “intends,” “programs,” “predicts,” “jobs,” “showing indications,” “targets,” “will possible consequence,” “will continue,” “permit” or very similar expressions are intended to discover forward-searching statements. These ahead-wanting statements are dependent on latest assumptions and predictions and are issue to many challenges and uncertainties. Precise results or events could differ materially from all those set forth or implied by this kind of forward-seeking statements and similar assumptions owing to selected things, including, with out limitation, level of competition in the ethanol, biodiesel and other industries in which we run, commodity sector hazards including these that may possibly outcome from latest weather conditions circumstances, economical market place dangers, consumer adoption, counter-social gathering dangers, hazards affiliated with alterations to federal coverage or regulation, and other threats detailed in our reviews filed with the Securities and Trade Commission (the “SEC”), which include the Aemetis Yearly Report on Sort 10-K for the calendar year finished December 31, 2019, and in our subsequent filings with the SEC. We are not obligated, and do not intend, to update any of these ahead-searching statements at any time unless of course an update is necessary by applicable securities legal guidelines.
Exterior Investor Relations
Contact:
Kirin Smith
PCG Advisory Team
(646) 863-6519
ksmith@pcgadvisory.com
Firm Trader Relations/
Media Contact:
Todd Waltz
(408) 213-0940
investors@aemetis.com
A lot more Details:
This information is released on the Investorideas.com Newswire – a world-wide electronic information source for traders and enterprise leaders
Disclaimer/Disclosure: Investorideas.com is a digital publisher of 3rd occasion sourced information, content articles and equity investigate as well as results in primary material, such as movie, interviews and articles. Unique content created by investorideas is secured by copyright legislation other than syndication legal rights. Our website does not make suggestions for buys or sale of stocks, expert services or goods. Absolutely nothing on our web sites ought to be construed as an offer or solicitation to buy or offer products and solutions or securities. All investing entails hazard and feasible losses. This website is at present compensated for information publication and distribution, social media and advertising, content creation and far more. Disclosure is posted for each individual compensated news launch, content material released /designed if demanded but if not the news was not compensated for and was released for the sole interest of our viewers and followers. Make contact with administration and IR of each and every business straight about certain inquiries.
Extra disclaimer data: https://www.investorideas.com/About/Disclaimer.asp Find out more about publishing your information release and our other news providers on the Investorideas.com newswire https://www.investorideas.com/Information-Upload/ and tickertagstocknews.com
Worldwide traders need to adhere to regulations of each region. You should read Investorideas.com privacy coverage: https://www.investorideas.com/About/Private_Coverage.asp
